This episode of "Investing by the Books" interviews Staffan Salén, a prominent Swedish businessman, about his family's 100-year business history, as detailed in the book "The Salén Story." The discussion covers the family's evolution from banana trading and shipping to current investments in real estate (Sagax), staffing (eWork), and landscaping (Green Landscaping). Salén shares insights into his investment philosophy, emphasizing long-term perspectives, prudent risk management, and the importance of strong corporate culture. He also discusses the challenges of maintaining a family business across generations and offers book recommendations for improving investment knowledge and personal growth, including "The Essays of Warren Buffett" and "The Outsiders."
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